- Briefing Room
Susquehanna Township, Dauphin County, Pennsylvania
|Project Sponsor / Borrower||
Vartan Group, Inc./ Hawthorne SPE, LLC
On December 19, 2018, the Dauphin County Board of Commissioners approved a $5.3 million, 10-year loan from the Dauphin County Infrastructure Bank to fund roadway improvements needed for the Susquehanna Union Green, a major, mixed-use development in Susquehanna Township, near Harrisburg. The 58-acre project is being developed by Vartan Group, Inc. and will include 26 commercial and retail buildings, a 110-room hotel, a 240-apartment senior community, and 31 single-family homes. The 10-year loan will be made available to Vartan Group at an interest rate of 0.85 percent.
The loan will be used to widen portions of Linglestown Road and Progress Avenue, install a new traffic signal at Progress and Garrison Avenues, and make additional improvements on Paxton Church Road. The project also includes utility reconfigurations and the installation of new sidewalks and crosswalks.
The transportation improvements are being designed and implemented directly by the developer through standalone design and construction contracts. The proceeds from the Dauphin County Infrastructure Bank loan will cover all costs associated with implementing the improvements.
Dauphin County Infrastructure Bank - $5.3 million
|Project Delivery / Contract Method||Design-bid-build|
Vartan Group, Inc.
|Project Advisors / Consultants||
Traffic Planning and Design, Inc. - Traffic Engineer
Herbert, Rowland & Grubic, Inc. - Consulting Engineer
Eckert Seamans Cherin & Mellott LLC - Legal Counsel
Dauphin County Infrastructure Bank
The loan is made to Hawthorne SPE, LLC, which is solely owned by Vartan's Buonarroti Trust. Hawthorne's proposed collateral includes a guarantee of the Buonarroti Trust, and a subordinate mortgage on the development.
|Duration / Status||
Ten-year loan approved by the Dauphin County Board of Commissioners on December 19, 2018.
|Related Links / Articles||
Dauphin County Launches Infrastructure Bank (Governing, May 30, 2013)
Catherine A. Wilsbach, P.E.